60 Second Interview |
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| What is the biggest challenge facing the Asian Carbon Markets in the short term (1-3 years)? The biggest challenge is (1) financing, and (2) the speed in which the DNAs approve projects. This is because the Kyoto Protocol loses its effect in 2012, and any project that has not commenced soon enough will likely earn relatively negligible volume of CERs before 2012. Of course we are vey bullish about the market "beyond 2012" and have signed a significant amount of potential tonnage past that date. But before anything is set on paper by the governments of the world , most actors only assume a market up to 2012. This is particuarly important for projects that are in development today. Do you think the Asian region is well positioned to benefit from CDM projects when compared to other regions? Basically, CDM opportunities follow economic growth and the number of the population - therefore, Asia has by far the most gross potential. The Asian region is already well positioned, having the greatest number and the most potential CERs in the pipeline worldwide; close to about three quarters of the world market. Asia is also an innovative and entrepreneurial culture, which is what the CDM is all about. In which country in the region are the most interesting CDM developments taking place at this time? Again, CDM opportunities follow economic growth and the number of the population - therefore China, India, and Southeast Asia (with Indonesia and Malaysia leading the pack). The development of the market in China may be slowed by the high intervention characeteristics from the government. Indonesia has emerged as one of the leaders of the new push to include "avoided deforestation" as part of the post-2012 regime and we are looking forward to participating in these developments, which go back to our original roots of EcoSecurities founders, some 15 years ago. What is the most interesting carbon mitigation project in the region that you have come across and why? Some trade secrets must be maintained - even for GreenPower Conferences! Since we take balance sheet positions on the basis of a broad portfolio of projects and project types, it is hard to say what is "most interesting" - we like projects that perform on time, on budget and according to projections. We are, however, seeing a lot of innovative thinking in the biomass/biogas/biofuel sectors. If the CDM EB can resolve the issues around accounting for biofuel projects, we would expect very significant growth in this area - just as is occurring in many other parts of the world. How would you like to see things develop post 2012? Clearly, the question of including the United States, India, Brazil and China in more meaningful fashions would be a great push forward for the overall management of the global atmosphere. We would obviously like see CDM extended, but suspect that there will be parallel policies suggested that will also allow for capital flows between industrial and developing countries for emissions mitigation in somewhat different fashions. The CDM will continue to be a predominant force, but other innovative financing structures for technology transfer and implementation may also emerge. We will adapt our capabilities and offerings accordingly, as these things come into focus. Meet Marc and other leading carbon market experts at the 3rd annual Carbon Markets Asia conference. This year's event looks set to be the largest to date and will provide excellent opportunities to do business with project hosts, designated national authorities, carbon traders, carbon brokers, carbon funds and investors. Additional networking opportunities are available at this year's event which is colocated with Renewable Energy Finance Asia, Biofuels Markets Asia and Biogas Markets Asia as part of the Sustainable Energy Week. |
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